Last Wednesday the Central Bank (BCRA) reported that the interest rate on fixed terms will increase between 44.5% and 47%. Said average begins to govern as of this Monday and will have an immediate impact on the return of fixed-term deposits in pesos.
For deposits of up to 10 million pesos, the annual nominal rate went from 43.5% to 46% for 30-day deposits. This means that a monthly return of 3.833% and an effective annual return of 57.1% can be obtained.
On the other hand, banks also offer fixed terms “UVA + 1%” for savers since they offer a minimum rate of 1% per year on the interest rate equivalent to the Consumer Price Index plus the annual rate of 1% , which allows you to beat inflation by one point, as long as the fixed term of 90 days is met.